WASHINGTON, May 16 -- The House Education and the Workforce subcommittee on Health, Employment, Labor and Pensions issued the following testimony by Tim Walsh, senior managing director of institutional investment product distribution at TIAA, at a hearing entitled "Enhancing Retirement Security: Examining Proposals to Simplify and Modernize Retirement Plan Administration":

"Chairman Walberg, Ranking Member Sablan, and distinguished members of the subcommittee, thank y . . .

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